The IRS recently announced the 2021 federal estate tax rate exemption, which is $11.7 million for individuals and $23.4 million for married couples. This is increased from $11.58 million and $23.16 million respectively in 2020. Under this new guidance, wealthy Americans will be able to leave up to $23.4 million to their heirs without being […]

Estate planning offers legal protection for families and individuals through all of life’s transitions. Using tools such as wills, trusts, powers of attorney, and healthcare directives, estate planning helps individuals protect their wishes, safeguard their assets, and ensure provision and care for their loved ones following their death or incapacity. What Does My Estate Plan […]

A serious health diagnosis can force some tasks—especially ones you’ve been putting off—to the top of the priority list. Santa Clara will lawyers know that estate planning is one of these tasks that’s often left for another day, as people don’t like to think about sickness or death when they are feeling well and of […]

Now that we’ve left 2020 in hopes of a better 2021, Silicon Valley estate planning lawyers are encouraging their clients to reflect on legal changes that may have gone overlooked in the past year. Last January, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was rolling out. There was a lot of discussion […]

Dying intestate, or without a will, is unfortunately very common. If you die without a will, your property will go through a court process called probate and will ultimately be distributed according to California’s intestacy laws. Here are some common events that may happen if you die intestate: Your immediate next of kin, whoever they […]

Family relationships can be complicated. Not every parent remains in his or her child’s life, which can complicate matters when the child has a disability or special needs. This can create financial issues too, especially if the other parent is absent but still living and the child’s eligibility for benefits is affected as a result. […]

Sole proprietorships are a common type of ownership interest where the business owner and the business are the same legal entity. The business owner of a sole proprietorship is personally responsible for any debts the business incurs. However, unlike a corporation, the sole proprietorship belongs to one person and is legally a business indistinct from […]

A power of attorney is a legal agreement that allows one adult, the agent, to make legal and financial decisions on behalf of another, the principal. People create power of attorney documents with a Bay Area estate lawyer so that someone of their choosing can speak for them if they should become incapacitated or otherwise […]

A common question that Silicon Valley trust lawyers are asked when helping clients create their estate plans is, “How hard will it be to sell my house if I put it in a trust?” The simple answer is that it’s not hard at all. In most cases, the grantor (or trust maker) also serves as […]

One of the most difficult decisions that parents of minor children have to make when creating their estate plans is choosing the person(s) they would want to raise their children if they were incapacitated or suddenly passed away. In our office, we often find that the conversation starts with, or eventually winds its way back […]